Topic
mortgage forbearance
18 published works
Consumer Finance Watch
AB 238 Mortgage Deferment Act for California Wildfire: Mortgage Forbearance Relief
Cheryl S. Chang and Jessica A. McElroy ● AB 238, also referred to as the Mortgage Deferment Act, to add Title 19.1 § 3273.20 et seq. (the “Mortgage Deferment Act” or the “Act”),…
Ira J. Metrick's Law Blog
HUD Expands FHA COVID-19 Recovery Loss Mitigation Options for Defaulting Borrowers
The United States Department of Housing and Urban Development (HUD) has expanded the Federal Housing Administration (FHA) COVID-19 Recovery Loss Mitigation Options to include all borrowers in default or imminent…
Consumer Finance Monitor
Ninth Circuit holds mortgage servicer’s reporting of Covid-19 forbearance plan complied with FCRA and CARES Act
In a win for Ballard Spahr client Specialized Loan Servicing LLC (SLS), the U.S. Court of Appeals for the Ninth Circuit recently held that SLS, a mortgage servicer, properly reported…
Mortgage Crisis & Financial Services Watch
New Class Action Claims Non-Compliance with Mortgage Forbearance Mandates
By Enza G. Boderone, Philip R. Stein
Millions of homeowners have signed up for a forbearance under the CARES Act, which gives homeowners with a federally-backed mortgage loan the right to obtain a temporary reduction or suspension…
Mahany Law Blog
COVID 19 Cares Act Mortgage Forbearance Investigation
By Brian Mahany
Important Information for Homeowners Who Sought a COVID-19 CARES Act Mortgage Forbearance Home Sweet Home? Not if Your Lender Violated COVID CARES Act Mortgage Forbearance Rules Recently we have uncovered…
Mahany Law Blog
Dovenmuhele Mortgage & Royal Pacific Funding – COVID 19 Mortgage Forbearance
By Brian Mahany
Stop the Fraud! Mortgage Servicers and Lending May Be Ripping Off Homeowners (Again) – CARES Act COVID 19 Mortgage Forbearance Ripoff Investigation Important Information for Veterans and Other Homeowners Seeking…
Ira J. Metrick's Law Blog
Can I Get a CARES Act Loan Modification in NJ?
My COVID-19 Mortgage Forbearance Period is Ending. What Should I Do? Due to the COVID-19 pandemic, many struggling homeowners have received mortgage forbearance when they have been unable to make…
Global Regulation Tomorrow
Coronavirus linked forbearance: key findings
By Matthew Gregory (UK), John Coley (UK), Simon Lovegrove (UK)
On 25 March 2021, the FCA published the findings from its multi-firm review where it considered mortgage and consumer credit firms’ implementation of the September 2020 Tailored Support Guidance (TSG)…
Financial Services Perspectives
When Do CARES Act Forbearance Rights and Foreclosure Moratoriums End?
By Christy W. Hancock, Jason R. Bushby
The March 2020 Coronavirus Aid, Relief, and Economic Security Act (CARES Act) contains a number of provisions that help borrowers with federally backed mortgage loans. Among these are forbearance protections for…
Consumer Financial Services Review
California Enacts Two Bills with Significant Impacts on Mortgage Licensees in the State
By Holly Spencer Bunting, Brian J. Stief
The California legislature ended its legislative session late on Monday, August 31, 2020, by passing two significant bills that will be of interest to the state’s mortgage servicers and other…